NSE: RAMCOCEM | BSE: 500260

Mid-range Performer

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1193.30 23.20 (1.98%)

New 52W High in past week

385.6K NSE+BSE Volume

NSE 29 Jul, 2025 3:57 PM (IST)

28,196.8

Market Cap

High in industry

0.8

Beta 1Year

Very Low volatility

Dividend

The Ramco Cements Ltd. has an upcoming dividend of ₹2.00 per share due on 06 Aug 2025 See details

The Ramco Cements Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for RAMCOCEM, BSE:500260 The Ramco Cements Ltd.

The Ramco Cements Ltd.

30 Oct 2019

1193.30

1.98%

Ramco Cements

Buy: The Ramco Cements Ltd.

Target

Sharekhan

Ramco Cements continued its outperformance and reported strong Q2FY20 results. The beat was led by strong volume growth with other operational parameters coming broadly in-line with I-direct estimates. Revenues during the quarter increased 11.2% YoY to | 1316.7 crore, led by 10.3% growth in volumes to 2.72 MT (vs. I-direct estimate of 2.6 MT). Blended realisations improved marginally by 0.8% YoY to | 4,834/t (vs. I-direct estimate of | 4,797/t). On the operational front, total costs per tonne declined 1.1% YoY, in line with I-direct estimates. Further combined with a marginal...

The Ramco Cements Ltd. has gained 31.55% in the last 6 Months

The Ramco Cements Ltd.

26 Sep 2019

1193.30

1.98%

Model Trading Portfolio - The Ramco Cements Ltd

The Ramco Cements Ltd.

Edelweiss

TheRamco CementsLimited, formerlyMadras CementsLimited, manufacturescement, ready-mix concrete and dry mortar products.

Promoters unpledged 18.63% of shares in last quarter. Total pledge stands at 3.42% of promoter holdings

The Ramco Cements Ltd.

08 Aug 2019

1193.30

1.98%

Ramco Cements (1QFY20): Robust show continues, but priced in. Maintain NEUTRAL

Neutral: The Ramco Cements Ltd.

HDFC Securities

TRCL is prudently expanding its cement capacity by 27% over next two years, funded mainly through its strong internal accruals. While TRCL remains a regional player, we ascribe it premium valuations of 13x EV/EBITDA (for its robust cost and profitability metrics), leading to TP of Rs 800/share (implied EV USD 167/MT). It currently trades at 12.2x FY21E EBITDA and at EV of USD 158/MT. Amid limited upside, we maintain Neutral rating on the stock. We retain NEUTRAL rating with TP of Rs 800 (13x FY21 EBITDA). Our TP implies EV/MT of USD 170/MT.

The Ramco Cements Ltd. is trading above all available SMAs

The Ramco Cements Ltd.

08 Aug 2019

1193.30

1.98%

Ramco Cements

Buy: The Ramco Cements Ltd.

ICICI Securities Limited

Over FY19E-21E, incremental demand of ~35 MT is expected in the southern region from low cost housing, real estate and also infra projects like road construction and irrigation projects. Though the current liquidity situation is tight, we believe volumes from upcoming capacities of the company, especially in consumption heavy region of eastern India, would support the growth of the company. Further, with utilisation levels in the industry picking up, we also believe realisations would remain strong, going ahead, as well. Thus, we model 3.4% CAGR in realisations in FY19-21E and...

The Ramco Cements Ltd. has an average target of 1021.14 from 7 brokers.

The Ramco Cements Ltd.

08 Aug 2019

1193.30

1.98%

Margins seen moderating; downgrading to Neutral

Neutral: The Ramco Cements Ltd.

Recommendation Target

Motilal Oswal

Volume growth moderates; better realizations drive margins: Volumes increased 3.4% YoY to 2.7mt in 1QFY20. Cement realizations were up 10% YoY at INR4,989/ton. Consequently, revenue grew 14% YoY to INR13.7b (our estimate: INR12.2b) in the quarter. Blended EBITDA/t increased 42% YoY to INR1,277, with cost/t increasing by 2% YoY to INR3,791. Power EBITDA stood at INR162m, resulting in cement EBITDA/t of INR1,217. EBITDA grew 47% YoY to INR3.5b (our estimate: INR2.6b), with the margin expanding 6pp YoY to 25.2%. PAT was up 54% YoY to INR1.9b (our estimate: INR1.4b)....

The Ramco Cements Ltd. has gained 31.55% in the last 6 Months

The Ramco Cements Ltd.

07 Aug 2019

1193.30

1.98%

Ramco Cements

Buy: The Ramco Cements Ltd.

Recommendation Target

Sharekhan

The Ramco Cements (Ramco) reported strong 54% y-o-y growth in standalone net profit to Rs. 192 crore during Q1FY2020. Strong realization growth of 8.2% y-o-y (led by steep rise in cement price in South India since February 2019) along with contained opex/tone (up by 2.2% y-o-y) led to EBITDA/tone growth of 35.3% y-o-y to Rs. 1120. The company's capacity expansion plans remains intact and the management is confident of reaching 20MTPA by end of 2020. We believe Ramco is well placed to benefit from demand revival post...

The Ramco Cements Ltd. has gained 23.43% in the last 3 Months

The Ramco Cements Ltd.

24 May 2019

1193.30

1.98%

Ramco Cements (4QFY19): Star performer but fairly valued. Maintain NEUTRAL

Neutral: The Ramco Cements Ltd.

Target

HDFC Securities

We estimate TRCL to deliver 23.8% EBITDA CAGR during FY19-21E. TRCL is prudently expanding its cement capacity by 25% over next two years, funded mainly through its strong internal accruals. While TRCL remains a regional player, we ascribe it premium valuations of 13x EV/EBITDA (for its strong retail presence and robust profitability metrics) on FY21E standalone EBITDA, leading to TP of Rs 800/share (implies EV/MT of USD Rs 170). As the stock is fairly valued, we maintain Neutral rating on the stock. We retain NEUTRAL rating with TP of Rs 800 (13x FY21 EBITDA). Our TP implies EV/MT of USD 170/MT.

The Ramco Cements Ltd. has gained 23.43% in the last 3 Months

The Ramco Cements Ltd.

23 May 2019

1193.30

1.98%

Ramco Cements

Buy: The Ramco Cements Ltd.

Target

ICICI Securities Limited

Strong capacity addition lined up; leverage to remain stable Ramco has a pipeline of 6.2 MT of cement capacity to be commissioned over FY20E and FY21E (refer exhibit 4). During FY20E, 2 MT of capacity in the East (West Bengal, Odisha) and 1 MT in South (Vizag). Rest of the capacities would be coming in FY21E along with 3.75 MT of clinker capacity addition (greenfield and brownfield). These projects would be completed at a cost of ~| 3430 crore out of which | 1200 crore has already been spent in FY19. Over two years, the balance would be spent for which we believe some debt...

The Ramco Cements Ltd. is trading above all available SMAs

The Ramco Cements Ltd.

22 May 2019

1193.30

1.98%

Robust traction in volumes; expansion plans bode well for the same

Buy: The Ramco Cements Ltd.

Target

Motilal Oswal

Profitability restricted by higher cost: Blended EBITDA/t was down 1% YoY to INR979, with cost/t increasing 2% YoY to INR3,670. However, EBITDA grew 20% YoY to INR3.2b (in-line) due to volume gains. Margin contracted 0.5pp YoY to 21.1%. Adj. PAT was up 22.5% YoY to INR1.68b (in-line). FY19 performance: Volumes grew ~19%, sales increased 17% to INR51.2b, while EBITDA/PAT was down 5%/9% YoY to INR10b/INR5.1b. Key highlights from management interaction: (1) Average diesel prices increased 17% YoY in FY19, leading to higher logistics cost. (2) Petcoke prices...

The Ramco Cements Ltd. is trading above all available SMAs

The Ramco Cements Ltd.

22 May 2019

1193.30

1.98%

Q4FY19 Result Update

Hold: The Ramco Cements Ltd.

Target

Prabhudas Lilladhar

at par with existing operations backed by highly competitive logistics (WB) and Vizag (AP) units. Ongoing capacity addition in Eastern region are network and blending advantage. Led by improvement in prices, we upgrade...

The Ramco Cements Ltd. has gained 44.09% in the last 1 Year

Is The Ramco Cements Ltd. worth buying?

108 Votes:

Buy 81.48%

Sell 12.96%

Hold 5.56%

RESEARCH REPORTS

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